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Contract “for life” would require two contracts, league approval

New Orleans Saints v Tennessee Titans Getty Images

Titans owner Bud Adams has offered Peyton Manning a contract “for life.”  As crazy as it sounds in the salary-cap era, it can happen.

Per a source with knowledge of the league’s procedures, Manning and the Titans would be required to sign two contracts:  one for the work as player, and one for the job as a non-player.  The second job would have to be a “real job,” and the wages for the second job would have to represent fair market value.  Manning would have to actually perform the duties of the job after his playing career ends.

Also, the entire arrangement would require league approval.

There would be no cap charge during Manning’s playing career.  However, if the second contract pays higher than fair market value or if Manning doesn’t perform the services required, the Titans would face salary cap charges and other penalties for circumventing the cap, including fines and possible loss of draft choices.

To the extent that the contract “for life” would entail purchasing a portion of the team, there would be salary cap implications.  Before getting to that point, the transaction would have to be approved by a vote of the 32 owners.

It’s unknown whether Adams would attempt to convey minority ownership of the Titans to Manning.

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36 Responses to “Contract “for life” would require two contracts, league approval”
  1. johninthewest says: Mar 15, 2012 3:36 PM

    Way too complicated.. Titans seem quite desperate at this point… Go to Denver sign a 3-5 year deal and then retire or work where you want. Sounds like they are putting Peyton in a box.

  2. investorgadget says: Mar 15, 2012 3:36 PM

    Will the NFL approve it now and then 2 years later take millions of dollars from the Titan’s salary cap claiming that it broke a “directive” from the commissioner’s office?

  3. ifyouthinkofgarbagethinkofakeem says: Mar 15, 2012 3:37 PM

    That’s crazy!!

  4. rculross7 says: Mar 15, 2012 3:38 PM

    Manning hasn’t even chosen the Titans yet and we’re talking about a deal for life? Why would Manning tie himself to the Titans in that way?

  5. zampft says: Mar 15, 2012 3:39 PM

    Kudos to Adams and the Titans for thinking outside the box.

    Tennessee is a perfect fit for Manning too… played in college there, the Titans were near the best in the league in protecting the quarterback despite not having a great running game, warm (enough) weather, easy division, and AFC.

    I can’t see how this won’t happen at this point.

  6. aceboogie57 says: Mar 15, 2012 3:42 PM

    Is anyone trying to find out if he’s healthy?

  7. bigdubba says: Mar 15, 2012 3:48 PM

    The Broncos, Cardinals, and Dolphins should all pull out of the running now and take care of the business they’ve put on hold waiting for this ridiculous circus to conclude. Once the Titans are Manning’s only suitors we’ll see what their offer is.

  8. ragingyinzer says: Mar 15, 2012 3:51 PM

    Knowing Bud Adams, Peyton should be worried that “contract for life” means a 2-year deal and a plan to have Manning put down at the end of the 2013 season.

  9. johninthewest says: Mar 15, 2012 3:52 PM

    Titans owner Bud Adams is controlling.. quite scarry and concerning..

  10. drumnw says: Mar 15, 2012 3:52 PM

    just go to miami, you already have a condo there where you can sail off into the “sunlife” from there (haha i made a funny)

  11. mylionsroaring says: Mar 15, 2012 4:00 PM

    Bud must really like this Manning fella

  12. rcali says: Mar 15, 2012 4:08 PM

    And he may never play another down in the NFL….

  13. PriorKnowledge says: Mar 15, 2012 4:08 PM

    Manning played 3 years in college in Tennessee, then spent 14 years in Indianapolis building a legacy as one of the best QB’s in history. Think about. I doubt the state of Tennessee has any special significance for Manning now.

  14. myeaglescantwin says: Mar 15, 2012 4:10 PM

    Peyton manning will be the biggest mistake a franchise makes..

    one hit solid hit and his career is over.

  15. thetooloftools says: Mar 15, 2012 4:10 PM

    This is just insane. Manning may get rag dolled the first game and never play again. Bud’s lost his mind and other owners should never approve this or other players are going to want the same thing.

  16. foosball11 says: Mar 15, 2012 4:13 PM

    Kevin Kolb likes this

  17. steelersredsoxnation says: Mar 15, 2012 4:15 PM

    I don’t get this at all. Idk why the titans are even a legitimate option for Peyton. Even with him they are a 8-8 not making the playoffs team. The cardinals and donkeys make much more sense to me

  18. goddellistheantichrist says: Mar 15, 2012 4:29 PM

    So let’s get this straight…”There would be no cap charge during Manning’s playing career”. Well then why 2 contracts…I’ve never seen a 5-yr contract for $0.

  19. jgedgar70 says: Mar 15, 2012 4:33 PM

    The only action the NFL needs to take at this point is to call a mental health facility in Nashville, and report that there is a delusional, 1,000-year-old man that is ready for the sleeveless shirt and the room with striped sunlight, padded walls and no corners.

  20. Deb says: Mar 15, 2012 4:34 PM

    Okay … just saw the earlier story. Adams is going to transition Manning into an executive role, not a coaching role. Still don’t understand the cap issue if he’s in a non-playing role. And “lifetime contract” is too close to “life sentence” for my tastes.

  21. feadshipman says: Mar 15, 2012 4:35 PM

    Adams appears to be trying to out-buffoon Ross of Miami

  22. west4567 says: Mar 15, 2012 4:38 PM

    Manning better check to make sure that “contract for life” refers to Manning’s life – not Bud Adams’s. The last time Bud Adams entered a “contract for life” he fire the guy after two years.

  23. bobwhitequail says: Mar 15, 2012 4:45 PM

    These “I’ll do anything to get you, including sell the farm” deals seldom work out well. They are usually based on emotion instead of sound business sense.

    Having said that though, Manning does have a unique almost god-like following in Tennessee so his mere presence guarantees millions in income to the Titans in terms of Jerseys, tickets, etc.

    It still seems to me you have an very old, emotional owner telling his well-qualified business/football people what to do. Then he may be putting those same execs in a weird position should Manning take on a future Elway-like role. My gut tells me this will end poorly in the long run if it goes through.

  24. wlove001 says: Mar 15, 2012 4:45 PM

    All these comments about Peyton getting hit once and he is done obviously know nothing about his surgery. His neck will actually be stronger now than before. Too much is being made of the Titan for Life statement. Adams is just making a point that PM is loved in Tennessee and wants him to stay there after his playing days are over. Give the guy a break. I would take my time as well. Heck its only been a week. I can’t wait to see him tearing it up as a Titan!

  25. perrrplexed says: Mar 15, 2012 4:46 PM

    So beyond the fact he went to school in the state 15 years ago…I’m at a loss as to why he would want to play, live and work in TN for the rest of his life or even the next 4 years

  26. gator2006 says: Mar 15, 2012 4:57 PM

    Just a shame the Fish won’t be there to realize his dream of coaching his former rival.

  27. bencoates57 says: Mar 15, 2012 4:57 PM

    I guess meeting Miami in the basement of an Indianapolis Denny’s makes the Fins chances seem even slimmer now.

  28. gmsalpha says: Mar 15, 2012 5:00 PM

    Bud should offer Peyton 51% ownership in exchange for changing his name to Bud Adams Jr.

    Seriously though, the Dolphins need to hurry up and get Matt Flynn, the Cards just need to ride Kolb one more season to see if there’s any chance he has the chops, and Peyton needs to fly on back to Denver where he can easily make the playoffs each year and finally solve that Tebow problem, which in turns sends Tim to Jacksonville.

  29. Mr. Super-Cool Awesome says: Mar 15, 2012 5:05 PM

    Warren Moon, Steve McNair, Vince Young, hell even Bucky Richardson all did way more for that organization than Peyton ever has.

    Where were their lifetime contracts?

  30. steelgrave says: Mar 15, 2012 5:08 PM

    I think that Bud Adams and Jerry Jones are swapping out the same set of false teeth….

  31. freddiemercury1 says: Mar 15, 2012 5:09 PM

    If Peyton’s gonna do that for any team, it would be the Colts, not the Titans.

  32. lilb360 says: Mar 15, 2012 5:21 PM

    I’m a Denver fan who is on the fence about signing Manning. I’m quite positive that Tebow just can’t hang, and adding Peyton would obviously be an upgrade of biblical proportions . But this Bud Adams fella is reeking of desperation. The titans have two good Quarter backs in Locker and hasselbeck it just doesn’t make sense that you would hinder the development of locker for a three year stint with a great QB. At least with Denver you are not flushing your future down the toilet, because there is no one on the roster who is they’re for the long term

  33. rocketcrab says: Mar 15, 2012 5:39 PM

    Is that Bud Adams or Grandpa Munster??

  34. randomjim says: Mar 15, 2012 7:00 PM

    NICE CHOMPERS!

  35. pacificnw7722 says: Mar 15, 2012 9:53 PM

    From the look on his weird face you would think that he wants Manning stuffed and put in his trophy room……

  36. sariff420 says: Mar 16, 2012 1:59 AM

    Two things I don’t get and are not explained well. One …why no cap charge during the playing career. Second, that a contract for life entails purchasing a portion of the team …ALSO THE PART ABOUT HOW THAT HAS SALARY CAP IMPLICATIONS….HUH??

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